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Friday, September 09, 2016

Why Gold Isn’t $2,000/oz: the Propaganda Machine Speaks

http://www.bullionbullscanada.com/index.php/commentary/gold-commentary/26712-why-gold-isn-t-2-000-oz-the-propaganda-machine-speaks

Here we have a Big Bank supplying the anti-gold propaganda, published by the notorious gold-bashers at Kitco. But now the argument is framed (more or less) in rational terms. Why is gold not at/above $2,000?
Regular readers are aware that $2,000/oz (USD) is, at best, only half of what should be the minimum price for gold, today. However, since $2,000/oz would be a new, nominal high for the price of gold, in the eyes of many people this is a number which represents a fair/rational price. Why is the price of gold not at a fair and rational level? Now we are on equal terms with the propagandists. We no longer need to construct two arguments to their one. We only need to address the lack of substance in the propaganda itself.

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